credit loss reserve

Reduced T&E Spending Continues to Hit AmEx
Financial Performance

Reduced T&E Spending Continues to Hit AmEx

AmEx is "in a tricky situation because they have a large corporate book and a big T&E book and those are the parts in the world’s economies that are weak."
By Matthew Heller | July 24, 2020
Read More
Wells Fargo Announces $2.4B Loss, Dividend Cut
Financial Performance

Wells Fargo Announces $2.4B Loss, Dividend Cut

“We are extremely disappointed in both our second-quarter results and our intent to reduce our dividend,” CEO Charlie Scharf says.
By Matthew Heller | July 14, 2020
Read More